Jerome Powell: Steering the US Fed through COVID-19 and political pressures
Corroborated by 2 sources from 2 publishers
TL;DR
Jerome Powell is wrapping up eight hazard-filled years as Fed chair, and weathered the most sustained political assault on the central bank in its modern history Trump’s aggressive push for interest rate cuts shaped Powell’s Fed legacy during his tumultuous leadership. On Friday, Jerome Powell’s term as chair of the United States Federal Reserve Board of Governors will come to a close after months of tension between the White House and the central bank, as US President Donald Trump pushes for more aggressive interest rate cuts. Powell’s term ends on May 15, and he will be succeeded by Trump appointee Kevin Warsh, who served on the central bank’s board of governors from 2006 to 2011.
Sources
1
Dow Jones Social Economy
https://www.wsj.com/economy/central-banking/how-eight-tumultuous-years-pushed-jerome-powell-and-the-fed-to-the-limit-96388c46
2
Al Jazeera
https://www.aljazeera.com/economy/2026/5/14/jerome-powell-steering-the-us-fed-through-covid-19-and-political-pressures?traffic_source=rss